More than half a million people who deposited money with collapsed crypto lender Celsius Network have been dealt a major blow to their hopes of recovering their funds, with the judge in the company's ...
New year, new crypto ‘shake out’
This week, we’re taking a look at whether crypto turned over a new leaf after a grim 2022. Spoiler alert: it did not. Some of the crypto industry’s biggest names have been embroiled in clashes with ...
Bank of Japan to raise inflation forecasts, reports say
The Bank of Japan will likely raise its inflation projections for fiscal year 2023 and 2024, according to media reports. The news reinforced some observers’ expectations that the central bank would ...
Thought last year was bad for crypto? From FTX to Silvergate, the red flags are flying for the year ahead.
Insider's Phil Rosen breaks down developments with Silvergate Capital and other crypto-friendly banks feeling the pain from FTX's fallout.
Japan’s Nikkei ends higher in bargain buying as yen weakens
TOKYO: Japan’s Nikkei share average reversed early losses to end higher on Friday, as investors bought back beaten-down stocks with the yen weakening against the dollar. The Nikkei rose 0.59% to close ...
Japan’s Nov real wages fall most in 8 years, defying BOJ objective
Japan reported on Friday its worst real-wage decline in more than eight years, with November data highlighting the elusiveness of the central bank's objective of reinforcing inflation and the economy ...
Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuit
The crypto industry's woes continued on Thursday as plunging deposits, layoffs and a lawsuit added to the tumult of 2022, which was dominated by sinking prices and high-profile bankruptcies. The ...
Why crypto fraud is a game of whack-a-mole
There's an old Warren Buffett quote that's become something of a cliché: "You only find out who is swimming naked when the tide goes out." ...
FTX Collapse May Claim Another Big Victim: Crypto Lender Genesis
For the crypto industry the year 2023 continues right along from the year 2022. It's in step with the devastation caused by the fall of former crypto king Sam Bankman-Fried's empire. This empire ...
Crypto lender Genesis Trading lays off 30% of workforce
Barry Silbert's Genesis Trading reduced headcount by 30%, or 60 jobs, as the crypto lender fends off a potential bankruptcy filing after the collapse of FTX.
Crypto is ringing in the New Year with new lawsuits and new chaos
To get a roundup of TechCrunch’s biggest and most important crytpo stories delivered to your inbox every Thursday at 12 p.m. PDT, subscribe here. Welcome back to Chain Reaction and Happy New Year! As ...
Silvergate’s ‘worst-case scenario’ fuels wider concern on crypto
Silvergate Capital made one of the U.S. banking world’s biggest bets on crypto. Now it’s reeling from a run on deposits and a massive loss, intensifying fears the collapse of FTX may seep elsewhere into the financial system.
Mark Cuban Warns of Potential New Crypto Scandal and Fraud
One aspect common to all these crypto scandals is that the big names and players in the sector get spattered by the mess. No one is immune. It all started last May when sister cryptocurrencies Luna and UST,
Factbox: From BlockFi to Genesis, crypto firms reel from exposure to FTX
After the collapse of major cryptocurrency exchange FTX, the industry has felt a ripple effect due to the exposure of many companies to FTX and its affiliated trading firm Alameda Research. FTX founder Sam Bankman-Fried on Jan.
The Unrelenting Roar of a Crypto Mine Tore This Town Apart
But over the last few months, Lynell had become enmeshed in local politics after a cryptocurrency mine set up shop in their town of Murphy, North Carolina, in September 2021. “Mine” is a misnomer, as these facilities are clusters of computing units,
France’s Villeroy Urges Obligatory Licensing for Crypto Firms
Bank of France Governor Francois Villeroy de Galhau urged tougher regulatory requirements for crypto firms, in what could be a setback for an industry seeking to secure a stronger foothold in Europe.